Darryl Flint, the well-regarded CIO-credit at Sparx Asia
Investment Advisors (formerly PMA Investment Advisors), is
spinning out along with his five-member credit team to
establish his own hedge fund group monikered Double Haven.
The Hong Kong-based team runs a $230 million credit
portfolio (comprising the PMA Credit Opportunities Fund, the
PMA Temple Fund and a managed account for a large institutional
investor) within the former PMA Advisors platform, and the
proposed structure will migrate the entire assets/products as
well as investors to Double Haven. Target date for the deal
completion is end September.
The five members of the credit team who are joining Flint at
Double Haven are Torquil Macleod, Thomas Doud, Richard Mcdade,
Arun Vaswani, and Kunal Saha.
On aggregate, the...